December 28, 2012

About Half Say Parents Have Responsibility to Help Adult Child Financially

52%

About half of the public believes parents have a responsibility to provide financial assistance to an adult child if it’s needed.

A majority of adults from all age groups believe that adult children have an obligation to support their aging parents. Overall, 75% of the public says adult children have a responsibility to provide financial assistance to an elderly parent if he or she needs it. Only 23% say this is not a responsibility.

But adults of all ages are much more reluctant to say parents have a responsibility to support their grown children. Overall, 52% say parents have a responsibility to provide financial assistance to an adult child if he or she needs it; 44% say this is not a responsibility.

Among young adults, many of whom may have found themselves in this very situation, 53% say parents have the responsibility to provide for their adult children, if their children need the support; 44% say parents do not have this responsibility. Young adults’ views on this issue are nearly identical to those of their parents’ generation.

Among adults ages 50 to 64, 54% say parents have a responsibility to provide for their adult children, while 43% say this is not a responsibility. Adults ages 65 and older have similar views: 57% say this is a responsibility and 35% say it is not. Adults ages 30 to 49 are somewhat less likely to say this is a responsibility: 47% say it is and 51% say it is not. Read more